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Life insurers’ recurring premium business up as consumers opt for tax free savings

22 March 2017 | Association for Savings & Investment SA (ASISA)

South African life insurers reported strong growth of 38% in recurring premium savings business for last year. This business consists almost exclusively of endowment policies, designed to encourage disciplined savings on a monthly basis for a fixed term.

A grand seduction

09 March 2017 | FAIS Ombudsman

In a recent determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), the complaint arises out of an investment made by the complainant, following advice of the respondent. What was presented as a safe investment turned out to be nothing more than a scheme that left the investor destitute.

FSB warns the public against Eyethu Financial Corporation

28 February 2017 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) warns the public to act with caution when dealing with Eyethu Financial Corporation.

ASISA: Local hedge fund industry converts 89% of assets to regulated CIS structures in 2016

28 February 2017 | Association for Savings & Investment SA (ASISA)

The South African hedge fund industry grew its assets under management by R5.3 billion in the 12 months to 31 December 2016, ending the year with assets of R67.4 billion.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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